Karol Fund
- Assets
- $116.9k
- Revenue
- $154.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Fox Point, WI
- Founding
- 02/2004
- Data as of
- 12/2023
- EIN
- 20-0350673
Organization Overview
Karol Fund is located in Fox Point, WI. The organization was established in 2004. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Karol Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Karol Fund generated $154.7k in total revenue. All expenses for the organization totaled $257.0k during the year ending 12/2023. While expenses have increased by 6.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Karol Fund has awarded 53 individual grants totaling $918,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward P Mooney Jr Trustee | 0.5 | $0 | |
Bridie Ann Mooney Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,734 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $151,927 |
| Capital Gain Net Income | $151,927 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $154,661 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,000 |
| Contributions, gifts, grants paid | $255,000 |
| Total expenses and disbursements | $257,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $116,943 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $116,943 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Karol Fund has awarded $255,000 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ARCHDIOCESE OF MILWAUKEE - 2024 CATHOLIC SCHOOLS DINNER PURPOSE: ANNUAL SUPPORT | $10,000 |
ARCHDIOCESE OF MILWAUKEE - LOVE ONE ANOTHER CAPITAL CAMPAIGN PURPOSE: ANNUAL SUPPORT | $30,000 |
ARCHDIOCESE OF MILWAUKEE - STEWARDSHIP APPEAL PURPOSE: ANNUAL SUPPORT | $40,000 |
DIVINE SAVIOR HOLY ANGELS - FORWARD IN FAITH CAPITAL CAMPAIGN PURPOSE: ANNUAL SUPPORT | $20,000 |
MILWAUKEE RESCUE MISSION PURPOSE: ANNUAL SUPPORT | $2,500 |
SETON CATHOLIC SCHOOLS PURPOSE: ANNUAL SUPPORT | $25,000 |